DBRS Assigns Short-Term Foreign Currency Rating of R-2 (high) to Mexico, Stable Trend

DBRS Ratings Limited (DBRS) has today assigned a R-1 (low) short-term issuer rating with a Stable trend to the local currency debt, and a R-2 (high) short-term issuer rating to the foreign currency debt with a Stable trend to the United Mexican States. The R-1 (low) and R-2 (high) Stable trend ratings are consistent with DBRS’s long-term issuer ratings on the local currency debt of BBB (high), Stable trend, and foreign currency debt of BBB, Stable trend, as per DBRS’s rating scales.

Note:
The principal applicable methodology is Rating Sovereign Governments, which can be found on our website under Methodologies. The principal applicable rating policies are Commercial Paper and Short-Term Debt, and Short-Term and Long-Term Rating Relationships, which can be found on our website under Rating Scales.

The sources of information used for this rating include Secretaría de Hacienda y Crédito Público (SHCP), Banco de México, INEGI and the International Monetary Fund. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Lead Analyst: Giacomo Barisone
Rating Committee Chair: Alan G. Reid
Initial Rating Date: July 28, 2006
Most Recent Rating Update: November 2, 2011

For additional information on this rating please refer to the linking document under Related Research.